S&P 500 ETF Eyes Record Close as Oil Drops and Micron Tops $1 Trillion
SPY•The S&P 500 ETF is on track for record closing highs alongside the Dow and Nasdaq as oil prices fell on hopes of a Mideast deal. Tech shares surged behind a memory-chip rally that propelled Micron to a $1 trillion market cap.
1. SPY hits record closing highs
The S&P 500 ETF is set to close at a record high, mirroring similar advances in the Dow Jones Industrial Average and Nasdaq Composite after oil prices fell on renewed hopes of a Mideast peace deal, boosting broad market sentiment.
2. Micron spearheads memory-chip rally
Micron Technology led the surge in the technology sector, with its market capitalization surpassing $1 trillion on strong memory-chip demand, underpinning significant gains in the ETF’s tech-heavy weighting.
